Payden & Rygel Buys 153,360 Shares of Delta Air Lines, Inc. $DAL

Payden & Rygel purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 153,360 shares of the transportation company’s stock, valued at approximately $12,799,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Delta Air Lines in the second quarter valued at about $28,829,000. Bessemer Group Inc. grew its stake in shares of Delta Air Lines by 105.3% during the first quarter. Bessemer Group Inc. now owns 39,018 shares of the transportation company’s stock worth $2,595,000 after acquiring an additional 20,012 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of Delta Air Lines by 45.1% during the second quarter. Baird Financial Group Inc. now owns 449,986 shares of the transportation company’s stock worth $42,146,000 after acquiring an additional 139,799 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Delta Air Lines by 102.3% during the first quarter. NewEdge Advisors LLC now owns 105,966 shares of the transportation company’s stock valued at $7,045,000 after acquiring an additional 53,581 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Delta Air Lines by 646.6% during the second quarter. TD Waterhouse Canada Inc. now owns 45,161 shares of the transportation company’s stock valued at $4,207,000 after acquiring an additional 39,112 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Citigroup increased their price objective on shares of Delta Air Lines from $106.00 to $110.00 and gave the company a “buy” rating in a research report on Sunday, July 12th. UBS Group dropped their price target on Delta Air Lines from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Seaport Research Partners reissued a “buy” rating and issued a $100.00 price objective on shares of Delta Air Lines in a report on Monday, October 12th. Rothschild & Co Redburn raised their price objective on Delta Air Lines from $104.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Finally, Benchmark reaffirmed a “buy” rating on shares of Delta Air Lines in a report on Wednesday, July 8th. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Delta Air Lines currently has an average rating of “Moderate Buy” and a consensus price target of $99.65.

Insider Buying and Selling at Delta Air Lines

In related news, CEO Edward H. Bastian sold 50,000 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $82.00, for a total value of $4,100,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,313,448 shares in the company, valued at $107,702,736. The trade was a 3.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alain Bellemare sold 35,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $92.72, for a total transaction of $3,245,200.00. Following the sale, the executive vice president directly owned 95,025 shares in the company, valued at $8,810,718. This trade represents a 26.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 406,726 shares of company stock worth $37,181,037. 0.80% of the stock is currently owned by insiders.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $80.07 on Friday. The stock has a market cap of $52.68 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.46 and a beta of 1.34. The business has a 50-day simple moving average of $80.48 and a 200-day simple moving average of $76.71. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.42. Delta Air Lines, Inc. has a 52-week low of $55.03 and a 52-week high of $95.68.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Friday, October 9th. The transportation company reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.05). The company had revenue of $17.59 billion during the quarter, compared to analysts’ expectations of $17.64 billion. Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.71 EPS. Delta Air Lines has set its Q4 2026 guidance at 1.150-1.650 EPS and its FY 2026 guidance at 5.100-5.600 EPS. On average, equities analysts expect that Delta Air Lines, Inc. will post 5.34 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.2150 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Delta Air Lines’s dividend payout ratio (DPR) is presently 17.17%.

Delta Air Lines Company Profile

Delta Air Lines, Inc is a major U.S. airline headquartered in Atlanta, Georgia. The company provides scheduled passenger air transportation to destinations across the United States and international markets, including Europe, Latin America, Asia, Canada, Africa and the Caribbean. Delta operates through a network of hubs and focus cities, offering service under the Delta brand and through regional partners operating as Delta Connection.

In addition to passenger flights, Delta provides air cargo transportation and related logistics services.